Who Pays the Costs of Creating a Sponsored ADR

question 23

Multiple Choice

Who pays the costs of creating a sponsored ADR?

• A) the foreign firm whose stocks underlie the ADR
• B) the U.S. bank creating the ADR
• C) both the U.S. bank and the foreign firm
• D) the SEC since they require the regulation

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Definitions:

Physically Attractive

Pertains to features or qualities that are aesthetically pleasing or beautiful to the majority.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues, as well as promoting secondary sexual characteristics such as increased muscle and bone mass, and the growth of body hair.

Aggression

Behavior intended to harm or intimidate others, which can be physical or verbal.

Scapegoating

Displacing aggression onto members of minority groups or other innocent targets not responsible for the frustrating situation.